Whitney: gamestop was going to go the way of block buster. She says investors saw a chance for them to reinvent themselves. But analysts were very pessimistic about the company, she writes. Whitney: It takes two to make a market and there were some smart people including keithgill who had taken stakes in this company.
#361: Wall Street Journal columnist Spencer Jakab marks the one-year anniversary of that weird time when the subReddit Wall St Bets pumped shares of meme stocks like GameStop and AMC Theaters, triggering a short squeeze that forced several hedge funds to lose billions.
What did we learn from that experience? And how do we actually take down Wall Street? How do we launch a truly effective financial revolution?
We share those insights in today’s episode.
Subscribe to the show notes at https://affordanything.com/shownotes
Learn more about your ad choices. Visit podcastchoices.com/adchoices